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The council receives a £23.4 million PFI grant from the government, but this would still leave more than £35.5m for the authority to pay until 2028.

It has now been revealed that council chiefs are closing in on a deal with a new user for the facility, with a spokesman stating: “The council is in advanced discussions with a potential end user for the Parklands High School building.”

Parklands High School in Speke (Image: Colin Lane)

The idea is that the council will buy the PFI contract out, then sell the building to the third party, although no details about the costs being negotiated are being released.

Parklands had just 172 pupils out of a possible 900 when it closed in 2014, while only 32% of children who attended achieved five GCSEs.

The school had been placed into special measures by government watchdog Ofsted the year before it closed down.